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, though, but not always. every once in a while, big american political change comes not from washington, but from the states. and today is one of those days. in the 1973, the supreme court said states could no longer ban abortions. today, one state just about did anyway. just over two years ago, a doctor named george tiller was murdered by an anti-abortion extremist. he shot dr. tiller in the head at dr. tiller's church in wichita. killed him instantly. since then, the late doctor's clinic in central kansas has been closed. the first doctor who said she would start providing abortion services again in that part of the state, she has been hounded by anti-abortion protesters. they have protested outside her family practice in wichita. they have protested outside her home. she's been targeted by wanted poster style emails, wanted posters calling her a mass murderer. she also got a letter telling her one day there would be a bomb under her car, that the anti-abortion activists would do anything they could to stop her. so she has not been able to open a practice providing abortions in wichit
hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised. through whatever mechmisms they can think about. >> reporter: the presidentthed come up with a plan to cut the deficit to reassure the market. with the world's three main credit agencies reviewing american's rating the downgrade would mean higher mortgage interest rate and higher loan on auto loan and credit card. >> which would be a tax increase on everybody. >> reporter: mr. obama said he put cut in social secu
not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
's gun and fragments hit his hip. it was a big gun, it could have wiped us all out. >> you don't feel safe any more. >> reporter: he was not linked to the original call for help. he saw this as a opportunity to strike. >> he had some large hatred towards the police officers. what we know is that he was incredibly mad at the police department. >> reporter: his exgirlfriend says he's in the u.s. army, stationed in kansas and he recently returned to baltimore. the police tracked him down thursday. they found pieces of the rifle in his car and house. >> reporter: he's awaiting a bail review. >> the officer is home from being treated at shock trauma. >>> your next trip from expedia and more sites could cost more. you could be taxed on the full price of the hotel room, instead of the half price you pay. >>> the industry is going to pay on the cut, cap and balance deal. it's not expected to pass. don't forget, the president is going to be at the university of college park for a town hall meeting. vic carter will be there, too. >>> a game changing day at the pentagon. they'll talk about the r
of the big deal, speaker boehner has suggested to sunset upper income tax cuts that tax code would be rewritten but last night he told president obama and called it off. he released a written statement that read in part, white house will not pursue a bigger debt reduction agreement without tax hikes. best approach may be to focus on producing a smaller measure. they suggested the disappointing jobs report in june was a game changeser. >> it ought to insent visa us to do a big package without raising taxes but we're hoping the president is not thinking he was as six months ago and he was making the arguments that raising taxes in the middle of this recession or slowdown, whatever you want to call it was a bad idea. >> reporter: secretary geithner says $2.5 trillion out of spending alone would unfairly impact the elderly and middle-class and also be bad for the economy and slow down job growth. >> heather: we'll see what happens. thank you very much. >> gregg: the clock is ticking for a debt limit deal to be struck and maybe faster than many people think. white house aids say a deal
witt. first off for you this hour the big fight in washington over spending and the debt limit. as that august 2nd deadline to raise the debt ceiling grows closer. we go to the white house for more. >> reporter: good morning, richard. it's a day closer to what the president and many outside experts are calling a financial catastrophe and hope for a big deal, the so-called grand bargain appears to be all but lost. the action turns to congress and whether they can pass a scaled down version of debt reduction before the country runs out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards what the president described as are a ma fw -- armageddon, he's hoping a deal could still be struck. >> but we got to get started now. that's why i'm expecting some answers from all the congressional leaders sometime in the next calm of da
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
agree on some of the big things. we agree that after a decade of racking up deficits and debt, we need to get our fiscal house in order. we agree that to do that, both sides are going to have to step outside of their comfort zones and make some political sacrifices. >> if the key players do reach a deal, congressional leaders will have to bring it back for their members to vote. it's almost an automatic no vote for republicans elected with tea party backing and democrats promised to keep entitlements as it. the leaders were getting testy on the house floor friday. >> i'm one of those who strongly believes we aught to pay for what we buy. but i also believe that we aught not to put this country on the brink of financial chaos and bring us down in the eyes of the world. >> let's just review some of the statistics, mr. speaker. there have been 2 1/2 million jobs lost since this president took office. >> negotiators need a deal in the next few days. because it will take three weeks to write the bill, tweak it, and push it through both houses n. washington, caroline shively, fox news.
and hang seng closed down. let's go to kristie lu stout. what's the big headline this morning, kristie it's all a ar w rows down. the yen soon as a safe haven continues to rise. meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the u.s. not having a deal so far? >> let's look a at the political reaction out of china, the largest foreign holder. chinese leaders, the they're not just worried. they're angry. stephen roach, of morgan stanley, he's been telling cnn that chinese leaders are appalled and that they think that america's behavior could create havoc in the global economy. meanwhile the news agency shing wa released a statement says, quote, the well bei
aren't paying as much attention to it, but it has big news over in the uk. hugh grant among a lot of people who say their phones were hacked by journalists. richard, you talked to him, what did he say? >> reporter: it's interesting, you say. the scandal is large, it's growing. the british government today said that there would be a public inquiry when the police are finished investigating. rupert murdoch, who owns the newspaper, by the way, it's this newspaper we're talking about, it's call "the news of the world," the normal rumor and gossip all dressed up with scantily clad ladies. when they started wholesale hacking of voice mail, it went into a different league. particularly, it was celebrities, it was stars, and now it's being dead murdered girl's voice mails and the patient parents of bomb victims and the like. when i talked to hugh earlier today, he said it's time to stop, it's time to say these newspapers, enough is enough. >> well, it began with just personal grievance, because i was a victim of phone hacking. and then i had this extraordinary piece of luck, where i ran i
as legal. ceremonies were held from manhattan to nighing a ray falls. >> last-minute captures on the big day. same-sex couples sweltering in the heat. >> with the celebration comes spending. it's thought same-sex marriages will boost the country by $3 million over the next three years. a handful of states have legalized same-sex marriage and new york is the one that will draw in the crowds. a destination in its own right. -- in its own rite. >> mark mattias had his cupcakes at the ready. his customers in this predominantly gay area of manhattan are now planning their weddings. >> roughly 50% of our business is weddings and we're expecting a big boost in revenue due to same-sex couples's weddings. >> the federal government here doesn't recognize these weddings. >> if one of us should pass away, the other cannot get social security and with regard to finances and taxes, we're not just treated the same as a heterosexual coup. >> whatever the picture at the national level, new york is welcoming same-sex couples with open arms, and after years of waiting, newlyweds are ready to throw the ulti
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
there is a big fog bank out there. yesterday it was very shallow and didn't make much of an impact but today it will. now here is sal. >>> steve, right now 880 is getting very slow. that is because of a crash up at 29th about a mile away from here. you can see traffic is stepping up. approaching the coliseum. you can see northbound 880 traffic up on the left of your screen is thick. now the accident is not injury but they are having trouble getting it out of the right lane. also this morning we are looking at the san mateo bridge. that traffic looks good heading out to 101. 6:01 let's go back to the desk. >>> a search will continue off of mexico's coast for seven missing fishermen who's boat capsized and sank. most of the passengers are from right here in the bay area. tara moriarty is joining us live in the newsroom with more on the families and those survivors who are hoping and hoping. tara. >> that is right. three brothers from the bay area survived the boat wreck. their little brother brian long of berkeley is still missing. every hour that goes by hope gets hit with reality. the coast
have a big stake in is apple, of course. steve jobs has done an extraordinary job there. their recent profits were just astronomical again. obviously, they're a big global company, and they've aggressively marketed in countries all over the world. do you think america's doing enough of that? do you think it's time they went back to designing, creating, and building things they can sell to the world exactly as apple is doing so successfully? >> well, clearly, apple is a role model of the american innovation whereby it produced all these products -- ipod, iphone, ipad -- that is really now dominating all the technology arena in the world. clearly, apple is a role model, and i believe the united states, with all its problems, is down but for sure is not out. i hope that an awakening happens in the united states whereby to go back to the roots of the main success of america, which is innovation and encouraging more ideas and more thoughts to be integrated in the u.s. system. >> are you concerned at all about the succession plans at apple given the ongoing situation involving steve jobs' h
passed by unanimous consent in the senate. >> the big difference is we have a much, much more ideological and left wing liberal president now than we had in bill clinton who was much more practical about this. president clinton acknowledged and accepted the proposition that we ought to get on a path to a balanced budget. >> liberals with long memories cite the degree to which the house speaker, newt gingrich then, john boehner today, exercised control over their own caucuses. scot lilly, now a senior fellow at the center for american progress, argues gingrich could more easily forge a deal because gingrich was more involved than boehner in recruiting the freshmen. >> he was timetable bring them along. he was part of their revolution in a way. speaker boehner is seen, i think, within the conference as a more moderate voice. i think he's not as trusted by the conservative elements within his -- within the republican conference. >> analysts also cited the rise of the internet, which serves some say to inflame opinion on both sides and make compromise more difficult, and the economy. the unem
, welcome to "the early show" here on a monday morning. i'm chris wragge. >> and i'm erica hill. >> big sports news this weekend. >> huge. >> you had to seeing it, everybody is talking about it. women's world cup soccer, after one of the most thrilling girls in the history of soccer, penalty kicks, ally krieger. tied up. everyone saying lights out, it's over, they're going over. they tie it up, shoot-out they take it 5-2 over brazil and now in the semifinals. >> they're going to meet france on twewednesday. just fantastic to watch. i love watching the players, how excited they are. brazil no joke when it comes to soccer. >> 12 years to the day after brandy chastain the shirt -- you remember that. >> i do. i do. >>> first we want to touch on yes, the debt ceiling. starting to sound like a broken record. the deadline is looming for raising the debt ceiling. there were more talks at the white house on sunday. still no resolution. president obama told lawmakers be prepared to meet again today and every day until a deal is reached. cbs news senior white house correspondent bill plante has th
with the story. and helping out ordinary folks . they are going to be tied when it comes . to get out of the big hole we are in, he will go after waste and tax breaks and nothing is off of the table. it would be nice if we can and it is millionaires and billionaires and are for hedge fund managers and corporate jet owners and oil and gas companies pulling in huge profits without our help. we'll have to make deeper cuts somewhere else. republican senator dan coats . mitch daniels said the government should follow daniel's lead. he turned things aroundd by cutting taxes . paying down debts . get it focused on. >> the president and democrats in congress recognize that their game plan is not working. it is time to acknowledge that more government and higher taxes is not the answer to our problem. it is time for bold action and a new plan to address our current crisis. >> and since it is the 4th of july weekend. both touched on the american spirit. senator coats wanted to make sure that the country is in good enough shape . all sides need to harness their love for the country and that we are going to
heated yesterday between obama and eric cantor. while they bicker, the big three credit rating agencies are warning the aaa bond status could be at risk. the debt ceiling deadline, as you may know, is august 2nd, but the president set tomorrow for the deadline to see if a grand bargain is possible, if not a bare bones bargain. if not, payments to critters, bill payments, you name it, there is not enough income to cover all that. every month we come up $125 billion short. if we cannot borrow to bridge the cap, 40% of the monthly obligations could not be paid, and that could include social security checks due to go out on august 3rd. the stakes we just laid out are monumental, so both sides have to give ground and risk their jobs for the good of the country. what is so hard about that, right? joining me with their insights on conflict resolution are cnn contributor, pete dominic, and family law attorney, mrs. winestein. what does it take for two entrenched parties to agree on a deal that both need? >> well, you know, the obvious is that you take the emotion out of the room and you try to
: that is not the problem. the problem is the mentality of people saying, monica, the government owes me. how big a problem do you think that is? >> entitlements are narcotics. this is why the left loves to expand the entitlement program in america and they instituted a massive new program called obama care which is essentially socialized medicine. once people get aticted to the narcotic of the entitlement, social security, medicare, medicaid, we have a whole array of entitlements, you get addicted to it, it is difficult to take it away. >> bill: what is the government's responsibility in bad economic times to feed people through food stamps. they have explode. >> we have 47 million americans now on food stamps which is a record breaking number that is heart breaking. >> bill: is that a nasca narco. >> we is so many drk including the food programs and benefits for the poor. >> bill: is that a narcotic? >> i will tell you why. it creates a culture and pattern of victimization. >> most people want to work and do not want a handout. most people want to compete and be in the game. they don't want to sit back a
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *á with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
around. >> i can guarantee you there's something from a lot of big cities across the country and really something for everyone here this morning. >> all good. >>> the breaking news, former head of the international monetary fund is free to go anywhere he wants as long as he stays in the u.s. a judge friday released dominique strauss-kahn from the u.s. after prosecutors admitted there are problems with the rape case against him. sean hennessey of wcbs in new york has more. >> on this weekend strauss-kahn is enjoying his own freedom. the case is now hanging by a thread. for the first time in weeks, dominique strauss-kahn left his manhattan apartment finally free from house arrest gone with the ankle bracelet after prosecutors admitted there are problems with the housekeeper who accused him of sexual assault. >> there are substantial credibility issues. >> reporter: prosecutors admitted the 32-year-old told them a series of lies and her whereabouts after the attack, first claiming to hiding in the hallway, but later admitted to cleaning two rooms. >> i understand the circumstances surround
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
. the indication that we're getting now is that this is a big deal, that this is going to be very large, and that everything is going to be on the table as far as bringing the corporate tax rates down, closing tax loopholes, but also cuts in entitlement programs, medicare, medicaid, possibly talking about social security and changing the way it works in the long term. these are big items that obviously could not get done legislatively before the august 2nd deadline. if there was some agreement reached between the leaders to raise the debt ceiling and agree to the framework by which they are going to tackle these big ticket items, that would be a significant thing. and it seemed like both parties were so far apart it will be interesting to see through the weekend if there can be some negotiated deal on a big framework. martha: it's interesting, bret because we've heard a little bit of what has come out of the preliminary discussions that vice president biden was part of. it seemed as though in those discussions they would talk big dollar figures although they wouldn't talk about specific
" that is the perfect song for summer. >> we've got another beautiful day at central park. another big crowd gathering. can't wait to get to that. >>> we also have a lot of news this morning. let's get right to that collision on the taxiway in boston last night. hundreds of passengers evacuated after the wing of a delta jumbo jet clipped the tail of another jet just months after a similar collision here in new york and abc's lisa stark is tracking this overnight. good morning, lisa. >> reporter: good morning, george. well, it was two delta flights, both loaded with fuel. ready for takeoff. one rams into the other. it could have been much worse. this photo taken from inside the 767 clearly shows the damage. the wing tip of the jumbo jet sliced apart. the tail of the regional plane badly mangled. >> people were freaking out. the girl next to me was right by the wing was ying. and was trying to jump out of the emergency exit for a little bit. >> everybody said, what happened? >> reporter: it was still light out, around 7:3030ast night when the planes collided. the regional jet apparently turned on to a t
appear to be far apart. the big sticking point is taxes. the president says any agreement must include revenue increases but republicans are fiercely opposed. >> to get a big package would require a big tax increases in the middle of the economic situation that is extraordinarily difficult with 9.2% unemployment. it is a terrible idea. it is a job killer. >> reporter: if no deal is reached by the august 2nd deadline, the u.s. may not be able to borrow money to keep the government running and could default on its massive loans. >> if they don't act, then we face catastrophic damage to the american economy. >> some republicans favor cutting spending by $2 trillion. they accuse the obama administration of scare tactics, claiming the u.s. has the money. it will not default and that there is no reason to panic. tara mergener, for cbs news, the white house. >>> both sides are scheduled to meet later today. >>> well, the national debt may be a topic that many americans are glossing over. but it affects each of us. surae chinn wanted to know if you knew what the consequences are if no deal is
>>> the big story today, money talks. i'm matt milner for dylan ratigan. you'll be shocked. no magic the fix out of today's bipartisan sitdown at the white house. more agreeing to disagree for now. >> nothing is agreed to until everything is agreed to and the parties still far apart on a wide range of issues. everybody acknowledged that there's going to be pain involved politically on all sides. >> still, the president hinting at subtle signs of progress. now pushing to double the size of proposed spending cuts to $4 trillion over ten years. democrat and republican leaders will work through the weekend and meet with president obama again on sunday. areas of potential xpra mize, closing loopholes in the tax code if it doesn't sound like a tax code and changing yearly adjustments for social security. yes, social security is back on the table. though the white house says their only goal, "strengthen the program." keep in mind the august 2nd august debt ceiling deadline is less than four weeks away. mike viqueira is live on the lawn of the white house. what if anything was acco
for weeks and weeks and weeks over big proposals to cut $4 trillion in spending and remake the way america collects taxes. mr. boehner fell pressure from consumer lives -- boehner felt pressure from consumerconservats and walked away. he did get involved. now he is kind of out of the room and is a mere spectator, as you indicated. >> at the end of the day, it looks like the debt ceiling will be raised. it has happened three times during the obama administration. >> yes, this is a strange fight for american lawmakers. in the past, the debt ceiling was raised routinely on the backs of other pieces of legislation. the so-called tea party republicans, who were elected as the referendum against obama and the democrats', said they would never raise the debt ceiling. that's the problem mr. boehner is facing. they have had months to get their troops ready for this. they are close. there's only a handful of votes away -- they are only a handful of votes away. the people elected in 2010 were elected on the single platform of not raising the debt ceiling. it has been an uphill battle for mr. boehner.
low clouds that fog is saying i'm back and back in a big way. yesterday it was there but it was very shallow and only confined to the coast. still 60s, 70s, and 80s and now some low 90s. temperatures will start coming down. here is sal. >>> traffic is moving along nicely at the coliseum here. you can see traffic is looking pretty good coming up past the oakland coliseum and heading north or south. also this morning we are looking at san francisco. there it is northbound 101 moving well past the ups building all the way up to the downtown area. let's go back to the desk. >>> the search continues for seven missing fisherman while incredible stories of survival are emerging. tara moriarty is joining us in the newsroom with the details of the amazing survival stories. >> reporter: some survey veries drank melted ice and ate hierarchy kisses to -- hershey kisses to stay alive. many passengers and crew members were in the water for 16 hours before they were rescued or reached land. some of the 35 crew members and passengers who made it were able to grab life ja
at this hour? that is the big question that people want the answer to. the lawyers were successful disguising where she went in the overnight hours. even the press not able to keep up with her. cameras shooting this video of casey anthony walking out of the front doors of the orange county jail at 12:11. wearing pink me low shirt, hair in a bun and the primary defense attorney jose baez right by her side. they got in a motorcade, a gray suburban, a cream colored tahoe and white follow-car and drove directly from the location to a bank of of america building in downtown orlando, not far from here, where her other attorney has an office. they went in covered parking garage and pulled a bait and switch. the suv never emerged from the parking garage, but others cars did and it's not clear which one that casey anthony was in. we can tell you around the same time there was police activity across town at a private airport. a private plane was fuelled up and ready to go on the runway, but nobody saw casey anthony boarding the aircraft. officials telling us it was scheduled to carry golfers vacationin
for yourself and grasp the unquilted difference. of a subway® bbq pulled pork sub. brace yourself for the big, bold taste tender, succulent slow-cooked pork with sweet and smoky barbecue sauce, all on freshly baked bread. subway. eat fresh®. announcer: when your eyes are smiling, you're smiling. be kind to your eyes with transitions lenses. transitions adapt to changing light so you see your whole day comfortably and conveniently while protecting your eyes from the sun. ask your eyecare professional which transitions lenses are right for you. transitions lenses are available at an america's best location near you. >>> there is no final deal yet but the white house and house republicans are getting serious about that debt ceiling deal. finally. it would include up to 3 trillion in spending cuts and joint commitment to increase tax revenues through tax reform during the next year. abc2's sherrie johnson is here with more. >> reporter: well, with several days to go before the august 2nd deadline hits and the nation runs out of credit lawmakers still can't agree on how to get there. it's led to
a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal t
a big jump in income, but the extra money coming in didn't mean approval. >> the reason i was told that i was declined, because too big of a disparity between my 2009 and 2010 income. >> the bank is looking for steady income flow, and that self-employed person cannot show that now. >> when the housing market went bust, lenders pulled back, over compensating and tightening their lending standards. in fact in today's market almost a quarter of all mortgage applications are denied. >> we were too lenient in the early 2000s, and too tight right now, and we need to find somewhere in the middle. >> do you think at some point you will give up and not go through this? >> yeah, that entered my mind a couple times. >> as for the lender, prosperity mortgage says privacy laws dictate we protect the personal information of all individuals so we are unable to comment on the specific case. but the story ends well, they found another lender to give them a loan. but you need to be prepared to work through a difficult process. alison, we heard donovan say it should be easier for folks buying a home.
. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> jack cafferty is here with the cafferty file now. people can watch you stream on a mobile device, an ipad, jack. this is great. >> i have no idea what that means. but i'll trust you. >> it's really good. >> republican congresswoman michele bachmann is a rising star of sorts in a lacklustre to say the least field of gop candidates who hope to challenge president obama next year. bachmann came out on top in three separate polls of likely iowa republican voters last week. go figure. my shael bhaukman's husband marc marcus runs a christian counseling business. former clients say he encourages homosexual patients to try to change their sexual orientation, or at least oppress it. it's called pray away the gay. in an interview, marcus bachm
opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm ready to move, even if it requires some tough decisions on my part. >> suarez: the president had previously insisted on extending the debt ceiling through 2012 past next year's election. but after thursday's talks, he settled for asking congressional leaders to review three options with their members. the first-- the so-called "grand bargain" that mr. obama favors-- would cut deficits by about $4 trillion dollars, including spending cuts and new tax revenues. a medium-range plan would aim to reduce the deficit by about half that amount. the smallest option would cut between $1 trillion and $1.5 trillion dollars without increased tax revenue or any medicare and medicaid cu
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